If one tail is longer than another, the distribution is skewed. These distributions are sometimes called asymmetric or asymmetrical distributions as they don’t show any kind of symmetry.
A left-skewed distribution has more values on the left of the distribution.
Answer:
capital balance of Saturn: 65,000
Explanation:
Saturn participation in the net income:
1:3 >> 1 / 4 = 25%
capital balance of Saturn 60,000
net income : 20,000 x 25% =<u> 5,000 </u>
capital balance of 65,000
We simply add up the percentage of participation in the win/losses to Saturn capital account
Answer:
$20,000.
Explanation:
The adjusted basis value and fair market value are used to determine an asset's worth.
The adjusted basis value simply describes the amount a property owner has invested in his or her asset. It equals the cost of acquiring the property plus the cost of maintaining it.
Fair market value of a business or asset is the general calculation to determine the value of an asset if it were to be sold.
A casualty is a sudden, unexpected, or unusual loss or damage to one's property. Examples are: hurricane, fire, tornadoes, flood, storm, car accidents e.t.c.
In case of a casualty, where the property was totally destroyed, the adjusted basis value will be calculated or used as the owner's loss.
Therefore, in Ann's case, where her business drying cleaning machine was destroyed by fire, her loss is her adjusted basis value which is $20,000.
Answer:
Debit retained earnings for $15.30 million.
Explanation:
As per the data given in the question,
Declaration of common stock dividend indicates no cash payments, only extra shares issued with rate of stock dividend
In this Rick Co. had 30 million shares and Rick Co. declared 1% stock dividend
which means 30 million × 1% = 0.30 million shares issued
Retained earning = (0.30 million × $51)
= $15.30 million
To common stock A/c = (0.30 × $1) = $0.30 million
To capital paid in access A/c = (0.30 million × ($51-$1)) = $15.00 million
( Being stock dividend was issued at 1% )
Hence, Option (d) Debit retained earning for $15.30 million is correct.